North Carolina General Statutes 36C-8-801. Duty to administer trust
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Terms Used In North Carolina General Statutes 36C-8-801
- Trustee: A person or institution holding and administering property in trust.
Upon acceptance of a trusteeship, a trustee shall administer the trust in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with this Chapter. (2005-192, s. 2.)